BGM Needs a PEA... As recommended by Snowden, one of the next priorities would be to do sampling and of course a PEA.
Sampling could very likely if it confirms historic data, increase the resource.
The PEA once complete should give a better idea of value. Some non-shareholders like cabsav, believe it will be nowhere near economical, but I don't think his crystal ball is better than anyone elses here.
Snowden gave Bonanza Ledge, a small part of the resource at just over 100k ounces, an Internal Rate of Return using a $1500/oz long term gold price, of 40.4%.
That's almost double the IRR for Rainy River using same price gold. Sure, there's more work to be done, but hopefully the sampling and PEA will be done prior to BGM trading again.
I believe that if Cow Mountain achieves similar IRR as Bonanza Ledge, then BGM can get a much better valuation or insitu value than Rainy River. JMO